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A comment on Casualties of the Cashless Society: Those Who Get Seasonal Tips. Parent comment

Re:Casualties of the Cashless Society: Those Who Get Seasona... by lotsofpulp on Monday December 18, 2017 @01:50PM (#15954186)
Unless jedberg is referring to a 3% discount as a big discount, then I think it's quite obvious that it's due to tax evasion, which would allow the merchant to provide deeper discounts. This is common in cash businesses.
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Re:Casualties of the Cashless Society: Those Who Get Seasona... by jedberg on Monday December 18, 2017 @03:19PM (#15955092)
Well it's $12 instead of $15, so 20% off. But keep in mind that for a small merchant, besides the 3% processing fee, there is also a base fee, and when you talk about a haircut for $15, the base fee eats up a whole lot of the profit.
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Re:Casualties of the Cashless Society: Those Who Get Seasona... by sushid on Monday December 18, 2017 @05:15PM (#15956006)
The standard maximum rate is 2.9% + 30 cents. Looks like they're losing over $2 per transaction for doing business in cash, unless, they make us for this cough somehow.
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